Fri, 02 Mar 2012 | DIVISION SALE
Emap is mulling the sale of its magazines and conferences businesses as it considers a restructuring process.
No decisions have yet been made and the potential sale would not signify a break up of the company. Emap is mainly focused on data and events, and its publishing business is comparatively small.
The company started a strategic review on its operations close to the time when its new chief executive, Duncan Painter, joined at the end of last year.
Since then it has moved its largest conferences, including World Retail Congress, into its successful exhibitions business. The smaller magazine-related conferences have been transferred into Inform, the arm that publishes trade magazines Retail Week, Drapers and Nursing Times amongst others.
Apax and Guardian Media Group purchased Emap in 2008 for £1 billion. Its hefty debt pile and the adverse effects of the recession on trading - leading to falling advertising revenues and subscriptions - have hit the business-to-business publisher.
Mr Painter told The Telegraph that the company is aiming for growth, though he was in discussions with possible advisers.
He commented: “Since I have arrived I have had at least 20 firms come to visit me. At the end of the day, we are owned by private equity investors, so if someone turns up and offers a fortune, sure we would sell it to them.”
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